Jim Cramer Says 'I'm Worried' About Boeing After Plane Maker Lays Off 17,000 Employees Amid Safety And Financial Woes: 'A Very Jarring Series Of News Tonight'
Portfolio Pulse from Navdeep Yadav
Jim Cramer expressed concerns about Boeing's financial health after the company announced layoffs of 17,000 employees amid safety issues and strikes. Boeing faces challenges including grounded 737 Max planes, technical issues with the Starliner spacecraft, and postponed delivery of the 777X airplane.
October 13, 2024 | 5:09 am
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Boeing is laying off 17,000 employees due to financial and safety challenges, including grounded 737 Max planes and technical issues with the Starliner spacecraft. The delivery of the 777X airplane is postponed to 2026.
The layoffs and ongoing safety issues indicate significant financial and operational challenges for Boeing. The postponement of the 777X delivery and the impact of worker strikes further exacerbate the situation, likely leading to negative short-term stock price movement.
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IMPORTANCE 90
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